If you have little to no capital that is understandable, but note that trying to jump on a bandwagon that has left the station already might not be the best course of action...

I would only consider this if they can demonstrate they are a professional company with a long history (operating 5+ years would be my standard), and if they are willing to make it financially beneficial to you (higher rent rate, they handle maintenance, etc.).There are a lot of "businesses" that started recently that have no real experience, meaning they've only operated in a strong market.

The trouble of course, is that I have the preexisting relationship with them.

The most sophisticated professionals always go through a transition from buying generic property lists to creating their own playbooks from raw data sources.

I start my pre-licensing course next week to obtain a real estate license.

Additionally, I'm based in Michigan, and I would like to know if anyone in the community is familiar with companies or professionals in Michigan who can assist in the process of forming an LLC and managing the legal aspects of transitioning Airbnb properties.Any insights or experiences you can share would be immensely helpful as I navigate this potential transition.

Of course, if you use that HELOC, you’re now paying interest on that, but that’s the cool thing about real estate.

@Philip Choi I would always recommend going with a professional property manager.

They can guide you on how to improve your debt-to-income ratio and potentially qualify for favorable financing.Schedule a meeting with a mortgage professional who can review your financial details and provide personalized advice.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?